Comcare cashflow statement

for the period ended 30 June 2016

 

Notes

2016
$'000

2015
$'000
Original
Budget
$'000
OPERATING ACTIVITIES
Cash received
Sales of goods and rendering of services 38,511 36,513 37,190
Receipts from Government 71,536 73,422 77,453
Interest 27,899 21,435 26,876
Workers' compensation premiums 435,851 561,979 450,400
Other cash received 756 327  -
Total cash received 574,553 693,676 591,919
Cash used
Employees 67,653 65,340 68,099
Net GST paid 36,794 42,196  -
Suppliers 36,765 35,149 33,564
Workers' compensation claims 266,585 278,480 304,505
Asbestos related disease claims 22,594 17,128 33,211
Total cash used 430,391 438,293 439,379
Net cash from operating activities 3.2 144,162 255,383 152,540
INVESTING ACTIVITIES
Cash received
Proceeds from sales of property, plant and equipment 18 5  -
Total cash received 18 5  -
Cash used
Purchase of property, plant and equipment 1,460 86 4,100
Total cash used 1,460 86 4,100
Net cash (used by) investing activities (1,442) (81) (4,100)
Net increase in cash held 142,720 255,302 148,440
Cash and cash equivalents at the beginning of the reporting period 677,619 422,317 617,147
Cash and cash equivalents at the end of the reporting period 2.1A 820,339 677,619 765,588

The above statement should be read in conjunction with the accompanying notes.